EQT Co. (NYSE:EQT) Stock Position Decreased by DRW Securities LLC

DRW Securities LLC cut its stake in shares of EQT Co. (NYSE:EQT) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,207 shares of the oil and gas producer’s stock after selling 402 shares during the period. DRW Securities LLC’s holdings in EQT were worth $1,495,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new position in EQT in the 2nd quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its position in shares of EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the period. Blue Trust Inc. grew its holdings in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 598 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in EQT by 414.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,472 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 1,186 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its stake in EQT by 65.5% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 570 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on EQT shares. Jefferies Financial Group lifted their target price on EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Citigroup reaffirmed a “neutral” rating and set a $37.00 price objective on shares of EQT in a research report on Friday, August 23rd. Piper Sandler lowered shares of EQT from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. UBS Group decreased their target price on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Finally, Stephens lowered their price target on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.28.

EQT Price Performance

Shares of EQT stock opened at $34.83 on Monday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The company has a market capitalization of $15.38 billion, a P/E ratio of 25.24 and a beta of 1.06. The stock has a 50 day moving average of $33.28 and a two-hundred day moving average of $36.43. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. EQT’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. As a group, equities analysts expect that EQT Co. will post 1.44 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.81%. EQT’s payout ratio is currently 45.65%.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.